EUNM.DE vs. CYBE.AS
EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) and CYBE.AS (iShares China CNY Bond UCITS ETF EUR Hedged Acc) are both exchange-traded funds - EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while CYBE.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 3 years, EUNM.DE returned 19.51%/yr vs 4.94%/yr for CYBE.AS. At a correlation of -0.00, they often move in opposite directions. EUNM.DE charges 0.18%/yr vs 0.40%/yr for CYBE.AS.
Performance
EUNM.DE vs. CYBE.AS - Performance Comparison
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Returns By Period
In the year-to-date period, EUNM.DE achieves a 26.16% return, which is significantly higher than CYBE.AS's 1.67% return.
EUNM.DE
- 1D
- 3.17%
- 1M
- 2.53%
- YTD
- 26.16%
- 6M
- 28.73%
- 1Y
- 46.27%
- 3Y*
- 19.51%
- 5Y*
- 8.28%
- 10Y*
- 10.07%
CYBE.AS
- 1D
- 0.28%
- 1M
- 0.16%
- YTD
- 1.67%
- 6M
- 1.84%
- 1Y
- 1.50%
- 3Y*
- 4.94%
- 5Y*
- —
- 10Y*
- —
EUNM.DE vs. CYBE.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 26.16% | 19.20% | 14.09% | 5.71% | -14.48% | -0.03% |
CYBE.AS iShares China CNY Bond UCITS ETF EUR Hedged Acc | 1.67% | 0.17% | 10.33% | 5.57% | 0.42% | 0.25% |
Correlation
The correlation between EUNM.DE and CYBE.AS is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021 | -0.00 |
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Return for Risk
EUNM.DE vs. CYBE.AS — Risk / Return Rank
EUNM.DE
CYBE.AS
EUNM.DE vs. CYBE.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) and iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EUNM.DE | CYBE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.08 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 1.28 | +3.12 |
| Martin ratioReturn relative to average drawdown | 15.27 | 2.52 | +12.75 |
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Drawdowns
EUNM.DE vs. CYBE.AS - Drawdown Comparison
The maximum EUNM.DE drawdown since its inception was -35.91%, which is greater than CYBE.AS's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for EUNM.DE and CYBE.AS.
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Drawdown Indicators
| EUNM.DE | CYBE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -1.83% | -34.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -1.16% | -9.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.02% | -1.83% | -17.19% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.88% | — | — |
Current DrawdownCurrent decline from peak | -3.40% | -0.70% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -10.51% | -0.44% | -10.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 0.59% | +2.43% |
Volatility
EUNM.DE vs. CYBE.AS - Volatility Comparison
iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a higher volatility of 7.44% compared to iShares China CNY Bond UCITS ETF EUR Hedged Acc (CYBE.AS) at 1.42%. This indicates that EUNM.DE's price experiences larger fluctuations and is considered to be riskier than CYBE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNM.DE | CYBE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 1.42% | +6.02% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 2.75% | +13.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 3.31% | +15.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 2.71% | +14.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 2.71% | +15.51% |
EUNM.DE vs. CYBE.AS - Expense Ratio Comparison
EUNM.DE has a 0.18% expense ratio, which is lower than CYBE.AS's 0.40% expense ratio.
Dividends
EUNM.DE vs. CYBE.AS - Dividend Comparison
Neither EUNM.DE nor CYBE.AS has paid dividends to shareholders.
Frequently Asked Questions
EUNM.DE and CYBE.AS have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNM.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for CYBE.AS.
EUNM.DE is categorized as Emerging Markets Equities, while CYBE.AS is Emerging Markets Bonds. EUNM.DE tracks MSCI Emerging Markets, while CYBE.AS tracks Bloomberg China Treasury + Policy Bank Index. Their fees differ too: 0.18% for EUNM.DE and 0.40% for CYBE.AS.
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